If you hold your bonds for 20 years and they still haven't reached their full face value, the Treasury will perform a one-time adjustment to bring up the bond's value so that you can cash it in for its full amount.. Accessed Jan. 24, 2020. Understanding Savings Bond Maturity Dates. Otherwise, series EE bonds may be a better option if held to maturity. Series EE savings bonds have two different maturity dates. The Returns of Short, Intermediate, and Long Term Bonds, The Ultimate Guide to Investing in Series EE Savings Bonds, The Tax Difference Between Stocks and Bonds When It Comes to Taxes, May 2005 and Later (EE Bond Rates and Terms). Stock Advisor launched in February of 2002. Maturity Dates for Series EE Bonds The savings bonds work as zero-coupon bonds in which bond coupons, or interest payments, are added to the bond's principal value rather than paid out periodically. TreasuryDirect.gov. You may wonder how the interest you earn on EE bonds is taxed. Payroll Savings Program . Department of the Treasury 1500 Pennsylvania Ave., N.W. If you qualify, then you won't have to pay taxes on the interest. If you inherit a savings bond and you're not listed on the bond as an owner, that bond is considered part of the purchaser's estate. Washington, D.C. 20220. You will also be able to buy, sell or trade U.S. savings bonds through these resources. Program rules, interest rates, maturity dates, and other information related to savings bonds. Also links to government web resources on U.S. Treasury Bonds and related topics. Posted in Savings Bonds No comments . Interest is added every six months for most bonds issued before May 1997. When I was in the second grade, which would have been about 1957, I attended to a small, four-room school in Independence, Missouri. If it's a series E or series H bond, then it's matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date. All U.S. savings bonds have a final maturity date when they stop earning interest. One reason why some people delay redeeming matured savings bonds is that the accumulated interest generally becomes taxable. They'll direct-deposit the redemption amount into the bank account number listed on the canceled check. Bonds issued today come with a fixed rate for up to 30 years. For example, many bonds mature in 17 years, but may continue to accrue interest for 30 years or more. While the Treasury will not penalize you for holding a U.S. Savings Bond past its date of maturity, the Internal Revenue Service will. (For example, if you cash an EE bond after 18 months, you get the first 15 months of interest.) Savings bonds are purchased at face value with the guarantee that they will double in value by their date of maturationâgenerally 20 years for series EE bonds and 30 years for series I bonds⦠Then the bond reaches full maturity 30 years after its purchase date, at which time it no longer earns additional interest. To see if your bond has matured, start by looking at the series name on the upper right corner of the bond. "Savings Securities Maturity Chart." Last Updated: 10/3/2018 10:43 AM Contact Us. Other features include current interest rate, next accrual date, final maturity date, and year-to-date interest earned. What a Bond Coupon Is and Why It Is Called That. How to Calculate the Cost of a Savings Bond . Canada Savings Bonds and Canada Premium Bonds that have matured no longer earn interest. The Savings Bond Calculator WILL NOT: Give correct values for electronic bonds. If your Series EE savings bond hasnât reached maturity yet, but youâre thinking of cashing it, first use the savings bond calculator on Treasury Direct to determine the bondâs current value. If you own or are considering purchasing a U.S. savings bond, the U.S. Department of Treasury's Bureau of the Fiscal Service has designed a useful tool for determining the present and future value--as well as historical information, current interest rate, next accrual date, final maturity date, and year-to-date interest earned. Any savings bond will continue to earn interest for up to 30 years. The first is the original maturity date, which establishes the date when the bond reaches face value. If savings bonds aren't the right fit, you could choose another alternative, such as broadly-diversified blue-chip stocks that generally earn at least 3%–4% returns. The time to maturity ⦠You can redeem it by filling out FS Form 5336, getting your signature on the bond certified by a bank official, and mailing the form, the bonds, and the necessary accompanying paperwork to the Treasury Retail Securities Site as described in the previous section. How do I find out if my bonds have reached their maturity date? The maturity dates for Series EE bonds are as follows: The U.S. Treasury Department gives you a guarantee that your EE bonds will reach maturity in 20 years. 2020. To check ⦠Savings bonds continue to grow in value until they reach maturity at 30 years. U.S. savings bonds, which come in different varieties, including Series E, Series EE, and Series I, stop earning interest at a certain point. Do Savings Bonds Continue to Earn Interest After Maturity?. 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